Costs are part of the financial indicators that determine the success of organizations; therefore, they are considered essential to maintain stability and efficiency in a competitive business environment.div>
For this reason, all companies, especially agricultural companies, need to know their costs in order to make the right decisions to develop and expand production and adapt to the difficult times the world economy is going through.
In addition to this, in Venezuela the livestock sector does not have a defined marketing scheme, and there is a great variety throughout the national territory, which is why sales depend largely on the analysis and market positioning of each producer, that is, the value that is found in their environment and that is not affected by natural phenomena such as rains and flooding of the production units.
Therefore, the economic situation facing the country in the livestock sector, reveals that there is a lack of a database on prices and costs that allow entrepreneurs to project their investments, therefore, each production unit must be responsible for managing costs, which allow them to present a balance in the same, where it generates profitability and efficiency and effectiveness to the company.
Greetings @dgalan, certainly production costs can have a significant impact on the productivity of agricultural production systems. An adequate cost-benefit ratio must be generated to have an agribusiness with good productivity.
See you later, have a great week.
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